r t c ltd

Profile

RATNAMANI TECHNO CASTS LTD. (RTCL) is born to a family of reputed

industrial pedigree – RATNAMANI METAL & TUBES LTD (RMTL). RMTL is one of

the most reputed manufacturers of Stainless Steel Tubes & Pipes and Carbon Steel Pip

RTCL manufactures Precision Investment Castings through “Lost Wax Process”.

RTCL is equipped with in-house facilities from Design and Manufacturing of Dies /

Tools and Castings, all under one roof. We develop and manufacture castings of specified

quality level as per customer material specification, drawing, design and technical

requirements

The plant is geared to manufacture investment castings, from few grams to 60 Kgs. single

piece weight in various grades Carbon Steel, Low Alloy Steel, High Alloy Steel,

Stainless Steel, Duplex Stainless Steel, Precipitation Hardening Steel; Nickel & Cobalt

base alloys etc

We cater to both indigenous and export requirements for various Industries / OEM’s like

Pumps & Valve manufacturers, Automotive, Defense, General Engineering, Aerospace

application, Textile, Pipe Fittings, Architectural & Decorative Fittings, Chemical and

Food Processing.

We export our castings to countries like USA, U.K., Italy, Switzerland, France, Norway etc.

Ratnamani Techno Cast Ltd., now popularly known as "RATNAMANI", came into

existence in the year 1985. The genesis of RATNAMANI's birth and growth is:

ACCEPTING CHALLENGES. The planned growth has transformed two separate units-

one for welded ss pipes & tubes and the other for seamless ss pipes & tubes- into a multi-

product, multi-location public company.

RATNAMANI has carved a niche as the preferred single-point source for a wide range of

casting Products

We are one of the leading manufacturers of casting Products in India in various

S.S.Grades such as 304, 304L, 316, 316L, 316Ti, 321, 410 etc., conforming to different

ASTM and DIN standards. Company's large diameter EFsW pipe range extends up to

1500 mm dia. and 20 mm wall thickness conforming to ASTM A-358 & A-409 in all

classes. The SAW Pipe Division of the Company manufactures long seam and circ-seam

large diameter pipes ranging from 16" OD to 127" OD.

RATNAMANI's Quality Management System conforms to ISO9001:2000, PED, ADW2,

EXPORT HOUSE, BOILER, API5L/2B. More over products undergo various stringent

inspection and testing stages, at the up-to- date in-house facilities, such as Hydrostatic,

tensile and various other Mechanical Tests, Non Destructive Tests, Chemical &

Corrosion Tests before they are released for the customers. This assures high value

quality of Products.

The human resource base of RATNAMANI is dedicated and motivated team employees,

who are well qualified and trained to ensure quality and timely delivery to meet the

requirements of the Customers.

RATNAMANI's goal is to reach sales turnover of Rs. 5000 million by 2006-

07,by becoming a GLOBAL PLAYER who is committed to satisfaction of stakeholders.

This is epitomized in Corporate Philosophy: "Excel in whatever you do" and

"Prosperity through performance”.

Name of Enterprise:-

Ratnamani Techno Cast Limited

Address:-

Sstp Division:-

Ratnamani Techno Cast Limited

Survey No: 769,

Ahmedabad – Mehsana Highway

Near Chhatral – 382729, Gujarat (India)

Phone - +91-2764-232254 / 232263 / 233763;

Sp Division:-

Plot No: 3306 To 3309

GIDC Estate,

Chhatral Phase IV

Ahmedabad – Mehsana Highway,

Chhatral – 382715, Gujarat (India)

Phone - +91-2764-232234 / 233919 / 232409;

Mumbai Office:-

No. 9 Lion House, Dr. Deshmukh Lale,

Nanubhai Desai Road,

Mumbai – 400 004 India

Phone: +91-22-2380 2591 / 2 / 3 / 4

Regd. & sales office:-

17, ramugat society,

Naranpura char rasta,

Ahmedabad – 380013, Gujarat (India)

Phone - + 91-79-27415501 / 2 / 3 / 4

Introduction of company

Ratnamani Techno Cast limited. As the name it suggests that it is a private

limited company. It lies in large scale industry. It was incorporated under company act

1956. The organization manufacturing department is located at chhtral GIDC Gujarat

(India) and registered office of company is situated at ragmugat society, naranpura char

Rasta, Ahmedabad – 380013, Gujarat (India).

The firm was established with the objective to carry on business as buyer,

seller, supplier, agent, exporter, importer, manufacturers, developer, distributor, in all

kind and types of pares material and articles including of metals and tubes.

The way of performance at ratnamani is by struggle, trial & error and learning

by experience. They struggled initially to raise financial resources, but have now

managed the same by way of equity of director and share holder.

The firm manufactures flexible laminates product, which are totally machinery

made. They are produced according to the specification and requirement of customer thus

with the increase in volume of business. It because necessary for the company to perform

marketing externally.

Development of Ratnamani

1985

Commenced production of Stainless Steel Welded Pipes & Seamless Tubes, as

twin small-scale units.

1991

Established facilities for manufacturing Stainless Steel Electric Fusion Welded

[EFW] Pipes.

1993

Listed on Mumbai (BSE) & Headband Stock Exchange (ASE)

1995

Commenced production of Submerged Arc Welded [SAW] Pipes

1997

Received API 5L Monogramming License

1999

Commenced production of Stainless Steel Tubes for Automobile Exhaust

Systems.

2000

First Mobile plant, for Narmada Canal Pipe Line Project under Government of

Gujarat.

2001

Quality Management System accredited to ISO 9002 Under Lloyd’s

Register Quality Assurance (LRQA).

Addition of API 2B Monogramming License

2002

AD 2000 - Merkblatt W 0 Certification under RWTUV

Recognition as a well known Tube / Pipe Maker under IBR

2003

Pressure Equipment Directive [PED] Certification under

LRQA

Approval from Nuclear Power Corporation of India Limited

for the Supply of Critical Instrumentation Seamless Tubes

& Primary Piping for Nuclear Reactors

Up-gradation of ISO 9002 Certification to ISO 9001-2000

under LRQA

2004

Delivered Duplex Stainless Steel Seamless Tubes as per

SA 789 / UNS 31803 and UNS 32205

Officially Implemented Safety, Health & Environment

Policy [SHE]

Enhancement of Current Capacity by establishing new

manufacturing facilities @ Kutch, Gujarat

2005

Commenced manufacturing of Welded Cold Drawn Duplex Steel Tubes as per

SA 789 / UNS 31803 and UNS 32205.

Board of Directors

Our Directors are experts in the diversified fields of engineering, human

resource development, business strategy, finance and economics. They review all

information relating to significant business decisions, including strategic and regulatory

matters. Every member of the board, including the non-executive directors, has full

access to any information related to the company.

Mr. Prakash Sanghvi – Chairman & Managing Director

Mr. Prakash Sanghvi has vast business experience in the metal industry. He leads

the core team that is driving the company's growth and transformation from a

company predominantly selling Tubes & Pipes to achieving its vision of

becoming a technology-led global engineering company.

Mr. Sanghvi has played a vital role in the company's evolution. He has been the

architect of the company's projects and expansion strategy. He has helped create

new platforms of growth for Ratnamani – increasing shareholder and societal

value while decreasing the company's environmental footprint.

Mr. Jayanti Sanghvi - Whole Time Director

Mr. Jayanti Sanghvi is one of the key members of the core team responsible for

creation and setting up of Development Centre, Resources, Staffing & Training,

Facilities & Infrastructure Management and Administration.

Mr. Jayanti Sanghvi is constantly focused on process improvements for enhancing

productivity.

Mr. Shanti Sanghvi – Whole Time Director

Mr. Shanti Sanghvi is a thought leader on marketing strategy and customer related

issues in India, helping organization develop marketing strategies. He is stationed

at Mumbai handling marketing activities.

Mr. D C Anjaria – Director

Mr. Anjaria is an independent professional Director on the Board of the company

having stupendous experience in the field of international finance and corporate

finance. Mr. Anjaria is an IIM – MBA, and has worked with Citibank and UTI.

Dr. Vinodkumar Agrawal - Additional Director

He is an independent non-Executive Director on the Board of the Company.

.

Bankers

Dena Bank

Punjab National Bank

State Bank of India

IDBI Bank Limited

Auditor

M/S Meheta Lodha & Co.

(Chartered accountants)

Introduction

Production / operation management is the process, which combine and transforms various

resources used in production / operation subsystem of the organization into value added

product / services in a controlled manner as per the policies of the organization.

Production / operation function, therefore, is that part of an organization, which is

concerned, with the require output (product / service) having the requisite quality level.

Production is the hart of the organization. So to sustain and development in today’s

competitive business era, a company needs to develop a quality product and maintain

consistent quality to retain, win and satisfy customer. Minimizing waste, effective

utilization of resources, increasing productivity and maintain the qualities of product are

some of the main concern of production department, which would help to bring down the

cost of production, increase the margins and to have an edge over the competitors.

PRODUCTS

Maximum Linear Dimension upto 450 MMMaximum weight upto 60 Kgs

Standard Normal Tolerances

Normal linear tolerances of investment csting starts with +/- 0.10 mm to

+/- 0.25 mm for sizes up to 25 mm.

+/- 0.10 mm for each addition of 25 mm thereafter

Premium tolerances require additional operations. We can achieve very close tolerances

on functionally important dimensions. The tolerance achieved will depend on the alloy

and configuration of the castings. The same can be determined in consultation with our

Engineering Wing and mutually agreed upon

Application:Pumps & Valves ComponentsAutomotive PartsDefense General Engineering AerospaceTextile MachineryChemical and Food ProcessingPipe fittingsArchitecture & Decorative Fittings

Investment Castings Process

Investment castings (Lost Wax Process) process is universally accepted as one of the

most efficient and economical manufacturing technology for production of precision and

intricate metal components and articles

Manufacturing Facilities

Product Development

Product Development Facility is integrally backed by fully-equipped tool room for design

and development of complex/intricate shapes, Dies, Fixtures, Gauges etc. CNC / VMC

machines are used for precision dies with multi cavity.

The Facilities are :

o Pentograph for markingso Milling Machineo Precision Lathe Machineo Precision Drilling Machineo Surface Plates and Set of Tooling & Measuring Instrumento Spark Erosion Machine

Processes

Wax Section

Equipped with modern & semi automatic hydraulic system Wax Injection machines to handle production of high volume wax.

Wax Pattern / Assembly shop is fully air-conditioned for controlled environment

Ceramic Moulding

Centrally air-conditioned and humidity controlled shell room equipped with set of slurry investment drums, sand faller machines to stucco the Wax Assemblies, the de-waxing system and trays for reclaiming the melted wax.

Melting Section

Temperature controlled oil-fired shell / mould firing & pre-heating furnaces; most sophisticated High Frequency Induction Melting Furnaces having capicity of 200 kgs, 150 kgs, 100 kgs and 50 kgs.

These different size crucible furnaces enable us to cater the castings for high alloy, cobalt and nickel based alloys.

Heat Treatment

To undertake Annealing, Normalising, Stress releaving, Hardening, tempering etc. for all types of metals & Alloys.

Heat Treatment furnaces calibrated as per API 6A having maximum attainable Temperature up to 1200oC and are Equipped with time-temp. cycle recorder.

Fettling

Specially designed Knock Out and Cut-off Equipments are used to clean and cut castings from the tree.

Introduction

Effective organization are not built merely on investment and but more so on

the quality of their workforce, their commitment to the goals of the investment made to

organization and attract, train and retain superior human resources.

Management of organization is management of human resources. In modern

business organization employee hold a key place in business. No business enterprise can

exits and function without employees. The success of business enterprise depended to a

large extent on the willingness and ability of the organization a lot in terms of money but

may generate alienation and frustration among employees.

Recruitment & Selection

In todays highly complex and complication situation, choice of right

personnel has far-reaching implication for an organization. Employees well selected and

well placed would not only contribute to the efficient of the organization but also offer

significant potential for future replacement. Hence, building and maintaining an effective

human organization becomes one of the most important management functions.

The first stage in selection is makes the variance known to a large number of

this knowledge, potential application would write to the organization. The process of

attracting people to apply is called recruitment. It is deferent from selection, which begins

after recruitment has ended. While recruitment is a process of attracting technology,

though tow teams are different, in common language they are often used interchangeably.

In the Ratnamani industries employees are being recruitment with the source

of news paper, personal consultants and factory gate. They invite the general public and

various selecting tests are being made and then they are taken into job.

In the Ratnamani selection of employees or workers done according to their

qualification and his position is made after seeing his qualification. Employees well

selection and well placed would not only contribute to the efficient of the organization

but also offer significant potential for future replacement.

Induction

When a candidate is finally selecting, he is issued the appointment latter and

is asked to join the organization. Induction process is to introduction a new candidate in

the organization. The guidelines of working condition and rules & regulation of the

company should be understood to him. He should be introduces with the follow employee

and welcomes as a new member of the organization.

In RATNAMANI there is nothing like any specially induction process but

they follow simple induction programmed new employee about work environment and

necessary information is provided so that he can easily adjust himself with the

organization.

Updating

A significant objective of training is to prevent the obsolescence of the

employee by updating their skill and knowledge. The jobs of employee are not static.

Training becomes necessary to update them, to teach never skill so that there efficiency

does not suffer because lack of the understanding of new technology. Continuous training

would help the employee to cope with changes and train organization viability as well.

Preparing for future assignment

People are not satisfied if they continue to work in the same position for long.

Mobility is a life. One of the objectives of training is to provide and employee as

opportunity to climb the promotion ladder. The company continuously gives him new

exposure and training so he will be fit for future assignment. The outcome of this is that,

though some of the employees are not only matriculation passed, they work for export

documentation and are also able to negotiate with foreign parties.

Job analysis

Job analysis was almost non-exiting three decades ago. The major trust behind

job analysis has been the civil right movement, which requires the factors governing

hiring and promoting should be job related. In simple terms, job analysis may be

understood as a process of collecting information a particular job. The process of tow sets

of data: (1) job description & (2) job specification. These data are recorded spared

separately for references.

“Job analysis is the process of studding and collecting information relating to

the operating and responsibility of a specific job.”

In RATNAMANI job analysis is very important of its HRM department,

because the product manufacturing is highly diversified and technical. Thus production

manager and supervisor do job analysis in order to get right person at right place.

Wages & Salary

Wages policy refers to all systematic effort of the government in

relation to national wages and salary system. It includes order, legislations and so on to

regulate the level of wages and salary with a view to achieving economic and social

objective of the government. Specifically, the objectives of wages policy are:

To obtain for the workers a just share of the fruits of economic development.

To set minimum wages for workers whose bargaining position is weak.

To bring about a more efficient allocation and utilization if human resource

through wages and salary differentials.

To abolish malpractices and abuses in wages and salary payment.

Wages and salary are determined on the basic of following ways:

Performance of employee

Ability in work

Regularity in work

Profit of the company

Time keeping system

Time is also an important factor for the organization; all the activities and job

are to be performed in a particular pre decided time. So good time keeping systems play a

main role in the organization efficient and also for achieving its targets.

The personnel department of ratnamani metals & tubes limited work in three

shifts, each of eight hours, and so they have adopted the following timing…

shift Time

1st shift 8 am to 4 pm

2nd shift 4 pm to 12 pm

3rd shift 12 pm to 8 am

Health, safety & environment policy

Every single employee’s safety is the constant concern of Ratnamani. Every

precaution has been taken to provide a safe workplace. We take safety seriously and are

sincerely concerned for the health and well being of each member of the team. It is

ensured that each employee working at Ratnamani receives safety helmets, safety shoes,

safety glasses and a sound workplace.

Ratnamani metals tubes limited are committed to maintain the safety, health

and environment for all employees and society. This shall be the top most priority and

concern.

We have set the following objective with respect to safety, health and

environment.

.

introduction

In the initial stage of company head to face so many problem for marketing,

its and had incurred losses for two year. However it is matters of domination that

company has been achieve its goal since that 5 year. It is because if change in marketing

policies.

Now company has achieved good reputation its quality products and

marketing department with an objective of creating customer, moreover company has to

face so many problem to market. Its product in this monopolistic competitive is a very

wider problem in any kind of business organization.

Meaning

“Marketing is a process of planning and executing the conception, pricing promotion

and distribution of ideas, goods and services to create exchanges that satisfy individual

and organization objective.”

“Marketing is a societal process by which individuals and groups obtain what they

need and want through creating, offering and freely exchanging product and service of

value with other.”

Market segmentation & targeting

A company can not serve the entire customer. In the market as they are too

numerous and diverse in their buying requirements. Instead if competing everywhere.

The company has to identify the market segment that it can serve must effectively, and

then target on or more of there segment and develop a product and marketing process

tailored to those segments. Thus instead of scattering their marketing effort, the cost can

focus on the buyer whom they have the greatest chance if satisfying.

Company has segment and targeted consumer market on the basis of the

following variable.

Geographical segmentation:

Demographic segmentation:

Psycho logic segmentation:

Behavioral segmentation:

Product planning

Product planning is one of the most effecting factions in marketing

department. The certain product planning refers the product should be marketed in which

manner and style and what quantity this determine the market share and earning.

RATNAMANI is doing the product planning by collecting the information

from the market they get information from the two type of customer.

Primary customers

Secondary customers

The primary customer’s means that purchase the product directly from the

RATNAMANI like dealer, agent.

The secondary customer’s means that purchase the product from the primary

customers.

For the product planning the RATNAMANI is taking the data given by the

primary customers.

The RATNAMANI is also meeting with the architects, dealers for the product

planning.

Distribution channel

Distribution channel is the set of interdependent organization involved in the

process of marketing product or service available for the use and consumption.

Distribution channel of RATNAMANI is two & zero level.

RATNAMANI have two type of customers.

Industries

Consumers

RATNAMANI use zero level distribution channels for the industrial

consumer.

RATNAMANI use two level distribution channels for the consumer is under:

Factory premise

Dealer

Agent

Consumers

Advertising

Advertising is a most simple way to increase the market and the customers of

its product. In this way company increase sales and increase profit also.

Purpose of advertising is a specific communication task and achievement

level. There are many sources of advertising like T.V., radio, poster, free sample etc.

But in Ratnamani industry is not advertising because it is a manufacturing

industry. It produces pipes and tubes. It does not need to advertise its product. It has a

long relationship with the other industry so it receives big contracts of its product.

Sales of product

Ratnamani Company is sales of its products to industrial customers. Following

industries direct contract with Ratnamani for purchase the pipes & tubes.

Refineries industry

Textile industry

Chemical industry

Power plant industry

Steel industry

Fabricators industry

Petrochemicals industry

Packaging

Everything from rough handling to extreme weather can damage Tubes and

Pipes in transit. Some companies rush through packing and shipping, which can lead to

severe damage to the products.

At Ratnamani, we take special care in packing Tubes and Pipes and supply

shipments correctly!

Type of packing at Ratnamani is as follows:

Bundle Packing

Wooden Crates

Wooden Boxes

Special Wooded Boxes for “U” Tubes – each radius separated

Special Packing as per Customers requirement

Other unique packing features:

Ferritic / Martensitic Stainless Steel Heat Exchanger Tubes filled

with inert gas (N2) in inside diameter and end caps plugged at both

the ends.

Sea worthy packing in wooden boxes with plastic sheet.

Ends of tubes / pipes protected by plastic / metallic caps.

Vertical separators for each radius

Each bundle is covered with plastic.

Customers can provide a packing drawing or Ratnamani can

prepare a packing plan.

Packing lists, covered with plastic, are placed on each wooden box

for easy identification of order details including exact list of radii

and lengths inside.

Share price of RATNAMANI:-

Avg.share price in 2006

020406080100

Month

Pric

e

In above chart we are seeing the share value of RATNAMANI. It is increase and

decrease in the year of 2006. Share price of RATNAMANI is decrease in june-05 and

after increase at last 90.93 Rs. In starting month its price is 25.68 Rs. It sees the

RATNAMANI financial growth.

PROFIT & LOSS ACCOUNT ------------------- in Rs. Cr. -------------------

Mar '04 Mar '05 Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of FundsTotal Share Capital 9.00 9.00 9.00 9.00 9.00Equity Share Capital 9.00 9.00 9.00 9.00 9.00Share Application Money 0.00 0.00 0.00 0.00 6.91Preference Share Capital 0.00 0.00 0.00 0.00 0.00Reserves 30.48 41.68 72.65 131.57 214.22Revaluation Reserves 0.00 0.00 0.00 0.00 0.00Networth 39.48 50.68 81.65 140.57 230.13Secured Loans 7.97 42.59 76.62 129.37 122.73Unsecured Loans 5.07 7.85 29.45 54.96 29.03Total Debt 13.04 50.44 106.07 184.33 151.76Total Liabilities 52.52 101.12 187.72 324.90 381.89



Application Of FundsGross Block 67.23 111.07 196.97 301.82 338.53Less: Accum. Depreciation 24.98 29.08 36.37 51.34 75.03Net Block 42.25 81.99 160.60 250.48 263.50Capital Work in Progress 0.99 24.76 0.18 8.37 21.75Investments 0.00 0.04 0.01 0.01 0.01Inventories 25.83 23.49 58.80 164.87 150.27Sundry Debtors 15.57 21.60 34.67 60.75 114.04Cash and Bank Balance 3.59 7.96 10.14 1.76 4.70Total Current Assets 44.99 53.05 103.61 227.38 269.01Loans and Advances 4.00 6.81 8.98 19.81 29.31Fixed Deposits 0.00 0.00 0.00 9.55 15.14Total CA, Loans & Advances 48.99 59.86 112.59 256.74 313.46

Deffered Credit 0.00 0.00 0.00 0.00 0.00Current Liabilities 38.70 63.03 81.74 178.78 203.54Provisions 1.02 2.52 3.90 11.93 13.27Total CL & Provisions 39.72 65.55 85.64 190.71 216.81Net Current Assets 9.27 -5.69 26.95 66.03 96.65Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00Total Assets 52.51 101.10 187.74 324.89 381.91

Contingent Liabilities 36.07 106.28 86.27 192.81 233.53Book Value (Rs) 43.86 56.31 90.73 156.19 248.02

BALANCE SHEET



IncomeSales Turnover 134.34 206.78 349.92 614.73 889.50Excise Duty 15.64 25.80 30.80 43.49 44.41Net Sales 118.70 180.98 319.12 571.24 845.09Other Income 0.39 0.54 0.79 5.80 -8.50Stock Adjustments -6.33 0.96 18.44 52.55 -20.73Total Income 112.76 182.48 338.35 629.59 815.86ExpenditureRaw Materials 77.15 125.02 226.50 432.04 542.14Power & Fuel Cost 4.35 6.12 8.89 12.43 17.15Employee Cost 5.70 7.22 14.36 23.88 36.17Other Manufacturing Expenses 6.35 7.02 10.14 8.73 17.19Selling and Admin Expenses 6.22 7.31 14.53 15.21 16.30Miscellaneous Expenses 1.27 1.60 1.92 3.75 4.77Preoperative Exp Capitalised 0.00 0.00 0.00 0.00 0.00Total Expenses 101.04 154.29 276.34 496.04 633.72



Operating Profit 11.33 27.65 61.22 127.75 190.64PBDIT 11.72 28.19 62.01 133.55 182.14Interest 1.90 2.80 7.51 17.24 18.91PBDT 9.82 25.39 54.50 116.31 163.23Depreciation 3.56 4.36 7.39 15.59 23.83Other Written Off 0.00 0.00 0.00 0.00 0.00Profit Before Tax 6.26 21.03 47.11 100.72 139.40Extra-ordinary items 0.00 0.00 0.00 -0.99 1.93PBT (Post Extra-ord Items) 6.26 21.03 47.11 99.73 141.33Tax 2.21 7.78 13.56 35.55 51.30Reported Net Profit 4.06 13.25 33.54 64.18 90.03Total Value Addition 23.88 29.27 49.85 64.01 91.59Preference Dividend 0.00 0.00 0.00 0.00 0.00Equity Dividend 0.90 1.80 2.25 4.50 6.30Corporate Dividend Tax 0.12 0.25 0.32 0.76 1.07Per share data (annualised)Shares in issue (lakhs) 90.00 90.00 90.00 90.00 90.00Earning Per Share (Rs) 4.51 14.72 37.27 71.31 100.03

CONCLUSION

The training of “RATNAMANI TECHNO CAST LTD” was memorable

experience. I am fortunate to get opportunity to knows about the working and functioning

of both the companies. The management had a positive attitude towards me and they tried

best to provide me with proper guidance and complete information. I saw each and every

unit completely. The unit people were very heritable and this encouraged working. And

they have a good manpower for a work.

The supervision unit co-ordination is simply versatile which a result of bright

future is. There is co-ordination between workers and staff. The future is clean of the unit

because of its effective management increasing turnover and high quality of its product

so after observing such matters. I can say that the company has best delight, bright future

for coming year.

r t c ltd

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